Nationwide Phishing Scams Reported

November 1, 2011

The American Bankers Association is warning consumers not to fall victim to a sudden increase in phishing scams that have been reported in states around the country.

According to reports, perpetrators are using automated dialers, text messages or emails to misinform consumers that their accounts have been closed due to fraud. Consumers are then prompted to enter in their card information, including expiration number and three-digit CV code on the back of the card, in order to reactivate their accounts. Those who respond to these inquires run the potential risk of having their information used to fraudulently purchase goods and services or to obtain credit.

To avoid becoming the victim of a phishing scam, follow these tips:

  • Never give out your personal or financial information in response to an unsolicited phone call, fax or email, no matter how official it may seem.
  • Do not respond to email that may warn of dire consequences unless you validate your information immediately. Contact the company to confirm the email's validity using a telephone number or Web address you know to be genuine.
  • Check your credit card and bank account statements regularly and look for unauthorized transactions, even small ones. Some thieves hope small transactions will go unnoticed. Report discrepancies immediately.
  • When submitting financial information online, look for the padlock or key icon at the bottom of your Internet browser. Also, many secure Internet addresses, though not all use "https".
  • Report suspicious activity to the Internet Crime Complaint Center, a partnership between the FBI and the National White Collar Crime Center.
  • If you have responded to an email, contact your bank immediately so they can protect your account and your identity.
  • Consider a Theft Protection Service to monitor your identity and detect suspicious activity.

For more information about identity theft, visit this link or click here for the full report.

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